HomeMy WebLinkAbout1763 DIRECT HOME IMPROVEMENT MORTGAGE , - ~ 3a
WITH FUTURE ADVANCE 466435 ~
THIS MORTGAGE, made flies 16th day of November A.o., 19 .between'
~ichi Miyamoto and Ann J. M{,yA»>nrn_ his wife IMortgagor) and
Sun Bank of St. Lucie County IMortgageel:
(Nameol Sun Bankl
WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and rn order to secure the payment of the prrncrpal and
interest on the note las herernalter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assrgns forever, the following described real property rn Sr T ttt•ip County, Florida, to wit:
Beginning at the Northeast corner of Lot 26, MARAVILLE SUBDIVISION,
as recorded in Plat Book 7, page 31, Public Records of St. Lucie
County, Florida, run West 157.5 feet to the centerline of a 15 foot
vacated alley, thence elm Southwesterly along said centerline to
intersection with the South line of said Lot 26, extended,thence
run East 157.5 feet to the East line of Lot 26, thence run Northeasterly
~ to Point of Beginning.
~ ~ v.
(1t><is is a Second Mortage) • gecehred sl In PeymeM OI Tfntfllt
Oue On Class "C" Intenpibb Pefaorlal fa~,N
pursuant To Chapter 71. 134, Actft O~ ?a?T,
- ~ - 1979 NOY 19 P?~ 2= 3 ROGER POITRAS 9~Ie
- , . a ; - - f^IwrS Circuit Court, St. LuCiA, CO., Fla,
_ ST.LUCIf CGUNZY.FLA.
ROGER FrC1 ~ tins 4~j6435
_ ~ CLERK CtRCJ: i : ~anT
~ RECIIR01rEa;~ „
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(herernalter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the true to the Mortgaged Property
_..~~i and wnI defend the same against the lawful claims of all persons whomsoever.
r~
PROVIDED ALWAYS, that if S1.s~r• ,i ~_AD~.i Mi~jtamf~t0 ,the Makerlsl of that
~ - [Insert Namelsli
- certain promissory note dated the date hereof (the Notel,-fir heirs, legal representatives or assrgns shall pay to Mortgagee
' the pnnapal sum of S S s~~ A~~'3 as evidenced by the Note, wrth rnterest and upon the terms as provided therein, the final
-t~: December 14 89
i • , Ti maturity date of the Note and of flies Mortgage being , 19 ,which Note Drovides that
all installments of prencipal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
~ writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default in the
~ i ' payment of the Note, and that if default be made in the payment of any installment thereunder and that rf wch default is not made
good in accordance with the terms of the Note, that the entree prrncrpal win and accrued, earned interest shall become due and payable
-^3 - without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and coy-
errant of the Note and of this Mortgage, then flies Mortgage and the estate hereby created shall be void, otherwise the same shall remain
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in full force. Maker covenants to pay the rnterest and Principal promptly when due. Mortgagor covenants to pay the taxes and assess-
' _ ~ merits on card property; to carry insurance against lire on the buikirrg on said land for not less than S na ,approved
r by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
budding on card land m proper repay. -
I
j Thrs Mortgage shall secure not only exrstrng indebtedness, but also wch future advances, whether such advances are obligatory or
Ef ~ to be made at the option of Mortgagee, or otherwrse, as are made wrthrn twenty (20t years from the date hereof, to the same extent as
~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
trine the maxrmum prrncrpal amount of $ Ila plus rnterest, aril any disbursements made (or the payment
= ~ .
_ ~ of taxes, levees, or insurance, on the Mortgaged Property, wrth rnterest on such disbursements. Any wch future advances, whether
- ~ pblegatory or to be made at the option of the Mortgagee, or otherwrse, may be made either prior to or after the due date of the Note or
•rl any other notes secured by flies Mortgage. Thrs Mortgage is given for the specific purpose of securing any'and all indebtedness by the
j C>I Maker to Mortgagee (but rn no event shall the secured indebtedness exceed ai any trine the maxrmum prrncrpal amount set forth in flies
paragraph) m whatever manner this indebtedness may be evidenced or represented, until the Mortgage rs SaJrsfrr'.d of record. All cove-
nants and agreements contained rn flies Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
> ~ future advance clause.
Or+-+<'I Should any of the above covenants be broken then the Nnte and all moneys secured hereby shall, without demand, rf the
a hlortgagre, so elect, at once become due and payable and flies mortgage may be foreclosed, and all costs and expenses of collection and
O reasonable attorneys' fees, including costs, expenses and reasonable attorneys' tees on appeal, r( collected by legal proceedengz or
~ through an attorney at law, shall be paid by the Maker, aril the same are hereby secured.
~ IN WITNESS WHEREOF, the Mortgagor has executed flies Mortgaye as of the date fast above set forth.
- 7
~ Signed, sealed and deer rrtd
rn OJr preSen Ce' r ~
, r
~ fSEAI?
r)
(SEAL)
(Mort gor
STATE OF Florida I '
COUNTY OF St. Lucie I
I ,
HEREBY CERTIFY, that on flies day, before me, an officer duly authorrred rn she State aforesaxf creed rn the County aforesaid
to take acknowledgments, personably appeared Y~~-Chi and Ann J Miyamoto to me known to be thv person described
.n and who executed the foregoeng ir)stlurrrent~anti they acknowledged before me that they executed the same.
WITNESS my hand and off.rr'aI seal iii the CouPty and State Last fo sad flies 16 da f NOVemhp~• ,
A.D., 19 79 - ~ i
i
SIR n Notary Public
a~t7X 320 PAGE ~~O MY Commrssron Ex~Y nmlC STATE OF f1.C*IpA AT tA~
MT CQMti115SION EXlIRE; MAY. 12 1942 #
4-6014-000-7 Rev. 8/77 ~ .1 ~ONOfD iFWI GfP1iRAl IP6. tR~ERWR~IEI~.. {
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